913 S Colonial Ct APT BIndian Harbour BeachFL32937
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Indian Harbour Beach at 913 S Colonial Ct APT B, Indian Harbour Beach, FL, 32937 listed at $189,900 pairs $1,443/mo rent with a $929/mo payment to leave $183/mo cash flow. Total monthly income runs $1,443/mo, and annual cash flow reaches $2,199/yr on $62,952 cash to close. Return on cash invested measures 23.4% in year one, and rental yield registers 9.12% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 122.23% and total cumulative return in cash totals $76,949. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,443/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1964
7.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32937, Satellite Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,207 (100%) |
| Owner Occupied HU | 9,838 (69.2%) |
| Renter Occupied HU | 2,495 (17.6%) |
| Vacant Housing Units | 1,874 (13.2%) |
| Median Home Value | $498,245 |
| Average Home Value | $575,100 |
Housing Distribution
Address Breakdown
Residential
12,570
Single Family
10,758
Multi-Family
1,812
Businesses
1,010
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Listed by: Erica Peterson • Waterman Real Estate Inc.
Mls Name: Space Coast AOR
Mls ID: #1067198